Examples of Parent Common Stock Value in a sentence
The Parent Stock Consideration using the Exchange Ratio shall be calculated to the nearest one-ten thousandth of a share of Parent Stock and the Parent Common Stock Value shall be calculated to the nearest one-tenth of one cent.
In lieu of a fractional interest in a share of Parent Common Stock, each holder of Shares exchanged pursuant to Section 2.1 who would otherwise have been entitled to receive a fraction of a share of Parent Common Stock shall receive cash (without interest) in an amount equal to the product of such fractional interest multiplied by the Parent Common Stock Value.
Legislative and policy mandate o To ensure that the National Lottery and Sports Pools are conducted with all due propriety and strictly in accordance with the Constitution, this Act, all other applicable law and the licence for the National Lottery, together with any agreement pertaining to that licence and that the interests of every participant in the National Lottery are adequately protected.
Each record holder of Shares exchanged pursuant to the Merger who would otherwise have been entitled to receive a fraction of a share of Parent Common Stock (after taking into account all Shares delivered by such holder) shall receive, in lieu thereof, a cash payment (without interest) in lieu of such fractional share in an amount equal to the product of such fraction multiplied by the Parent Common Stock Value.
Notwithstanding anything to the contrary contained herein, if the Parent Common Stock Value is less than $18.00, Parent may elect, at its sole option, to adjust the Exchange Ratio to an amount equal to (i) $4.50 divided by the Parent Common Stock Value, or (ii) remain at 0.25, and if the Parent Common Stock Value is more than $31.91, the Exchange Ratio shall automatically adjust to an amount equal to $6.50 divided by the Parent Common Stock Value.